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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect
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To: SCOOBEY-DO who wrote (2595)9/29/1999 11:15:00 PM
From: Ronald P. Margraf Sr.  Read Replies (1) of 18222
 
Hi Scoobey,

Hard to say. I have often asked that question to myself many times, especially when a stock is fundamentally sound or has the appearance of being. When I was dealing in the mining sector, I found that a lot of it was do to taking tax loses early. The 30 day rule. I found it to be quite common with companies that had good fundamentals and had good upside potential. Sell now, wait 30 days and buy back when everyone else starts selling and the price tanks.

I always try to have some cash around this time of the year to go shopping for next year.;-)))) I also found out that when the major leagues take a hammering, there is a lot of selling to raise cash to cover their margin accounts. They have to come up with cash real quick. What better place then to cash in your pennies. Thats one reason that I only do cash transactions. Don't want to be forced into something that I don't want to do at an un-opportune time.

So over the years that is two reason that I have found. I'm sure there are more and all we can do is sit back and watch.
That is why I buy enough to trade and hold. Mise well make some money while I waiting.;-)

Hope this helps to justify the selling.;-))))

Catcha on the upside,

Ron
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